International real estate group Harcourts has announced plans to sell the group’s current Brisbane headquarters with a view to building a new head office, on the back of what it describes as "unprecedented growth" which will see the company expand by 200 new offices in Australia.
“This move is incredibly exciting and really highlights the growth that Harcourts has continued to experience over the years, even during uncertain economic times,” Harcourts International managing director Mike Green said.
“Having operations now in 10 countries as well as growing to one of the top three real estate groups here in Queensland has meant we have continued to grow the team that support our business owners.
The group’s current headquarters, located in Navigator Place, Brisbane, is being sold to secure funds for the construction of Harcourts’ new corporate office, located in the new Trade Coast Central commercial precinct.
Construction of the new corporate office is set to commence later this month and will be completed by June/July of 2012, Mr Green said.
“Harcourts has continued to forge a strong presence in the real estate marketplace as many of our competitors have shrunk away.
Earlier this year, through the Landmark Harcourts joint venture Harcourts acquired 140 new offices in Australia. The group now has 400 offices in Australia, with the ultimate goal to have 600 offices nationally, Mr Green told Real Estate Business.
He added that Harcourts was growing rapidly in other markets as well, with Harcourts China having signed on 77 new offices in the past six months through two separate joint ventures.
"Harcourts now has over 800 offices in 10 countries and has grown its corporate support team in order to facilitate this growth," he said.